NO.PZ202207040100000303
问题如下:
In the analysts’ discussion about Fund B’s potential investments, the point that is most accurate relates to:选项:
A.reorganization opportunities. B.positions in distressed companies. C.acquisitions in a consolidating industry.解释:
SolutionC is correct. Fund B fund seeks to profit from the market inefficiencies that may arise as a result of corporate events. It can hold either long or short positions in the acquiring and target companies as appropriate to produce a profitable position. This would be true even in consolidating industries as long as it believed that a market inefficiency existed.
A is incorrect. Fund B fund seeks to profit from the market inefficiencies that may arise as a result of corporate events. Investing in reorganizations requires skill and expertise but normally involves a long-term investment horizon, which is inconsistent with Fund B’s strategy.
B is incorrect. Fund B fund seeks to profit from the market inefficiencies that may arise as a result of corporate events. A control position in a distressed company would normally involve a long-term investment horizon, which is inconsistent with Fund B’s strategy.
我理解的应该是Distressed and reorganize 应该是长期投资的,但是题目中FundB是投资并购,所以应该是短期机会的,所以Distressed and reorganize 在这里不选。这样理解对吗?